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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$199,900
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Fantastic opportunity! This property, recently subdivided on River Drive, offers three generously sized lots, all zoned R2. They're currently sold together but can be sold separately by the next owner. Enjoy the convenience of city sewer, water, hydro, and natural gas at the road. Don't miss out! Lots 1: 52.56’ x 259.32’ Lot 2: 52.39’ x 237.70’ Lot 3: 52.53’ x 193.77’ Taxes: TBD Sale is subject to HST Possession: Immediate Zoning: R2 - Second Density Zone. Set back requirement for building - must build within the first 82 ft of the lot. (id:39198)
Location
Province
Ontario
City
Kenora
Address
Lots 12 & 3 River Drive
Postal Code
P9N1K6
Location Highlights
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Listed by
CENTURY 21 NORTHERN CHOICE REALTY LTD. Ontario listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
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Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$199,900
Asking Price
$199,900
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
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Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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